Bitcoin News Today: Galaxy Digital-Linked Wallet Buys Bitcoin and 4 Altcoins, Shorts 5 for Hedging

A cryptocurrency wallet believed to be affiliated with Galaxy Digital has made significant on-chain moves, purchasing Bitcoin and four altcoins while shorting five others as part of a broader hedging strategy. The 0xcaC1 wallet deposited 125 million USDC into Hyperliquid over the past 48 hours, using the funds to acquire spot positions in ETH, HYPE, BTC, PUMP, and FARTCOIN [1]. At the same time, the entity opened short positions in BTC, ETH, DOGE, PUMP, and an unnamed asset, likely as a means of balancing risk exposure [1].

The mixed positions highlight a balanced and strategic approach to navigating a volatile market. The purchase of Bitcoin suggests a continued belief in its role as a store of value and a core holding in diversified crypto portfolios. The acquisition of altcoins—particularly lower-cap or high-volume tokens—points to a speculative or opportunistic strategy, potentially capitalizing on short-term market swings. Meanwhile, the shorting activity serves as insurance against downside risk, especially in highly volatile assets [1].

Alongside this activity, two additional whale wallets—0x436F and 0x2DDf—have been steadily accumulating INSP. These entities now hold 109.56 million INSP tokens, which equates to 10.96% of the total supply, with an estimated value of $3.98 million [1]. This continued accumulation indicates a long-term bullish stance on the asset.

Another whale, known as CMJiHu, recently moved 130,000 SOL ($26.45 million) to multiple major exchanges, including Binance, OKX, Bybit, and Gateio. This transfer could indicate preparation for trading activity or a liquidity shift, though the exact intent remains unclear [1].

Additionally, a mysterious institution has been accumulating Ethereum. In the last three hours alone, the entity created two new wallets and collected 33,402 ETH ($158 million). Over the past 10 days, it has amassed a total of 379,317 ETH ($1.8 billion) through FalconX, Galaxy Digital, and BitGo [1]. The sheer volume of these transactions suggests a large institutional actor with a strong interest in Ethereum’s long-term trajectory.

These combined movements signal a period of active portfolio adjustment and strategic position-taking among major market participants. Given the recent market volatility—including a 1.51% drop in BNB over the past 24 hours—the actions of large players like those affiliated with Galaxy Digital may serve as an indicator of broader market sentiment and risk appetite.

Source:

[1] Galaxy Digital-Affiliated Whale Wallet Purchased Bitcoin and 4 Altcoins, Shorted 5 Altcoins (https://en.bitcoinsistemi.com/galaxy-digital-affiliated-whale-wallet-purchased-bitcoin-and-4-altcoins-shorted-5-altcoins/)

[2] BNB Falls Below 840 USDT Amid Market Turmoil (https://m.economictimes.com/crypto-news-today-live-14-aug-2025/liveblog/123288029.cms)